Document background
The Term Sheet Partnership Agreement is a crucial preliminary document used in Swiss business practice when parties are negotiating and structuring a partnership or joint venture. It serves as a roadmap for the subsequent detailed agreement while documenting the parties' key understandings and commitments. This document type is particularly valuable in the Swiss context, where business partnerships often involve international parties and complex structures. The term sheet format allows parties to efficiently agree on fundamental terms while maintaining flexibility for detailed negotiations. It typically includes essential elements required under Swiss law for partnership formations, such as capital contributions, profit-sharing arrangements, and management structures, while clearly delineating binding and non-binding provisions. The document is especially useful in complex negotiations where parties need to confirm their alignment on key terms before investing in full documentation.
